Fines and other Penalties

Fines and other Penalties for Cambodia Tax

Fines and other Penalties are non-deductible expenses for tax on income (profit).

The following examples for Fines and other Penalties are as follows.

1.  Penalty and fines from tax authority 10%, 25% or 40% and interest rate of 2 % per month for late tax payment.
2. Tax auditors may detect mistake of tax declaration, so amounts of fine and penalties are non-deductible expenses.